Serious: How does one start from ground zero?

DangZagnut · 2020-08-16T17:47:25+00:00

This will take awhile, there's a couple concepts to think about. I wrote too much, this will be in two parts, part two is a reply to this comment. I strayed outside of your question, and went more into how to become wealthy from a philosophical standpoint.

Part One

Why is everything so expensive? I'm not even having a good time.

Deficit spending. It causes the government to dump billions (and now trillions) into the economy because governments are incapable of not spending.

So when you dump all this paper on the market the value of each individual piece of paper gets reduced to make up the difference.

The price of everything isn't more expensive, it's that your pieces of paper are worth less than they used to. You could go see a movie for a nickel, hence the term Nickelodeon. Now it's like $15 bucks to see a bunch of CGI move around really fast.

I was about to make a big post about this so you've inspired me.

Back before the 1970s U.S. currency was backed by gold. Which means those pieces of paper had corresponding gold associated with it. If we were still doing that today, the almighty dollar would be the most valuable currency on the planet and you could buy yards of other currencies with pocket change.

But in the 1970s the U.S. dollar went off the gold standard, and became a pure fiat currency.

A fiat currency means that instead of being backed by anything, its "value" is based on its ability to pay taxes. That's it. Before that useless piece of paper was an IOU for some gold or something from a bank, something that actually had "value" to you, but we used pieces of paper so we didn't have to carry a cow around. The cow has actual value, you can eat it. The dollar bill is, at best, toilet paper.

Your money has value in paying taxes and nothing else. Taxes you pay that the government can't stop spending more than, which of course continues building inflation because it's not based on anything, like a cow, or a gold coin, or an egg. Two of which have value and one has rarity and has been a monetary staple for thousands of years.

There's a difference between wealth and rich.

Rich = how much shit you can buy.

Wealth = how long your money will last.

I give you $100, you go buy a blowjob for $100. You were rich, now you're poor and you have no wealth.

I give you $100, you spend $1 on some gum. You have 100 days of wealth because your money lasts that long.

If you're investing, I would highly recommend focusing on wealth, not being rich. Here's where MGTOW fits into this.

I barely get enough finances to eat cheap food in dormitory during school year.

That's an example of spartan living, it is controlled through lifestyle. Your food expenses are low because you're not spending a lot. It doesn't matter the reason, the result is, you're I assume living within your means. You could rack up credit card debt and live lavishly. For a little while. Until your debts are called. That would be being rich. Living a cheap lifesyle (which is what I do) is about wealth. You live cheaply, forego pissing money away chasing pussy, and learn to live a modest lifestyle and you will be able to be rich or wealthy, or if you bust ass, which I refuse to do because I'm lazy, you get to do both.

Here's a real world example of what I'm talking about. I receive roughly this every week from various business schemes, and that's just the cash I take in, ignoring all the other income . I spend maybe half of that on housing, transportation, expenses, and food in a month. Then I reinvest any other stacks because money is useless. I buy gold coins, stocks, bonds, lend money to people in these pandemic times who are out of work, all sorts of things.

The reason is because money is valueless so I put it into things that can increase along with the before mentioned inflation which would make this toilet paper useless. It looks impressive to some people, but it has absolutely no value except to pay taxes. You can't eat it, but as I said I guess you can wipe your ass with it.

The point is, at my spending rate, half a stack a month, and my income rate, one of these a week, my wealth (time) is more or less infinite.

Because I'm not pissing away money on women, and although I can make it rain at "da club" and have a couple strippers blowing me in the back room which I don't do, I have all this extra. This is the power of MGTOW.

When they say women control 80% of the economy it isn't because they're earning or contributing to it, it's because they're getting men to spend money on the promise of their moist hole and men's fantasies that they'll get all these other "mommy" things like love and companionship.

Those people are simps and blue pilled morons.

Now I am not bringing all this up to humble brag about my buying pussy, intelligence and wealth, although obviously I'm dripping with those things, it's because the point is when you have a lifestyle below your income, you gain.

You want to start investing? Make that the priority. That's what I did, and I started with $0 income, and 11 felony convictions which, as hard as it is to believe, makes making money more difficult than people think. Now I make that every week and invest the hell out of it to make more each week.

Lifeat35 · 2020-08-16T16:35:29+00:00

Life is hard, you’re not always going to have a good time.

People recommend investing early to let compound interest work for you, even if it’s a small amount.

Take care of your needs first, food, water, shelter. Then if you have anything left try to set some aside.

King_Yautja · 2020-08-16T17:00:54+00:00

When it comes to investing the most important factor is time, by a huge margin. Let's run some numbers let's say you put $100 bucks a month away at 10% interest (for the sake of keeping our numbers round) and to keep it simple we'll assume you never increase the monthly contribution. After 20 years this would be worth a bit over $72,000. So what if you did that for 40 years? It would be $144,000, right? Nope, it would actually be more like $560,000.

Compound interest adds up like magic, especially if you can put it away for a long time. You cnanot have an investment portfolio with a 40 year horizon if you are started at the age of 45...but you can if you are 18.

entropyoverdrive · 2020-08-16T22:31:17+00:00

Turn to a life of part-time crime.

TXJohn83 · 2020-08-17T01:02:57+00:00

Worry about getting through college or trade school, before you worry about saving money.

AG-Blyat · 2020-08-17T01:03:26+00:00

Quit college and find a job. Don't need finances to eat cheap form food during the school year cause you'll need to quit that.

School is worse than ground zero. It's a negative.

Quisenburg · 2020-08-17T04:58:38+00:00

After my divorce, I had a life restart.

When my separation began it was not uncommon for me to sleep in my car with no where to go. I responded by getting my CDL with training being provided for by my hiring company.

The benefit of over the road trucking is that you do not need a place to live. I lived in my truck and saved my money.

After I saved enough money I paid for my tuition and housing for my Master's degree up front. I never took out a student loan and finished my degree without even needing a job while I worked on it.

Now I have a good income and am contributing towards my retirement with the intention of retiring early.

If I can do it, you can do it.

Serious: How does one start from ground zero?

Comments

Part One

Part Two

Title	Serious: How does one start from ground zero?
Author	AG-Blyat
Upvotes	1
Comments	26
Date	August 16, 2020 4:22 PM UTC (5 years ago)
Subreddit	Posted in /r/MGTOW2
Original Link	https://old.reddit.com/r/MGTOW2/comments/iav7jb/serious_how_does_one_start_from_ground_zero/
Archive Link	https://theredarchive.com/r/MGTOW2/serious-how-does-one-start-from-ground-zero.806148 https://theredarchive.com/post/806148